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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (63455)	5/9/2010 12:30:37 AM
From: energyplay	1 Recommendation Respond to of 217774

In many countries, taxes on tobacco are a significant part of the national or local budget. So here we have a semi-addictive product that is used for tax collection, which governments are loathe to stop. While it tobacco may be a declining industry worldwide, that decline will be slow and profits will continue, because governments are hooked on the money. So being heavy into tobacco is a reasonable defensive move. I personally am morally uncomfortable with the tobacco business, unlike alcohol (which I don't generally invest in either) there isn't any "use in moderation may be beneficial". Also alcohol is much better for getting people to take off their clothes ;-).